绩效新规透视|华夏基金十年分红71亿中信证券分44亿，分红率连续4年上升，近三年112只产品输基准

新浪基金2025-12-26

专题：“业绩为王”时代来了，时隔三年公募绩效迎重大改革！近千名基金经理面临“降薪” 　　近期《基金管理公司绩效考核管理指引（征求意见稿）》（下称《指引》）面向行业征求意见，引发热议。　　指引中，对基金公司给股东的分红约束进行规定。指引要求，基金公司应据基金产品中长期业绩和投资者盈亏情况，审慎确定分红频率与分红比例。对于过去三年基金产品业绩不佳、投资者亏损较大的，应当适当降低分红频率与分红比例。 ...

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The dividend rate has increased for four consecutive years. In the past three years, 112 products have lost the benchmark","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"600030":1.5,"06030":1.5},"content_text":"专题：“业绩为王”时代来了，时隔三年公募绩效迎重大改革！近千名基金经理面临“降薪”\n　　近期《基金管理公司绩效考核管理指引（征求意见稿）》（下称《指引》）面向行业征求意见，引发热议。\n　　指引中，对基金公司给股东的分红约束进行规定。指引要求，基金公司应据基金产品中长期业绩和投资者盈亏情况，审慎确定分红频率与分红比例。对于过去三年基金产品业绩不佳、投资者亏损较大的，应当适当降低分红频率与分红比例。\n　　根据中信证券2024年报数据，华夏基金营业收入80.31亿元，净利润21.58亿元。中信证券持有华夏基金62.20%的股权，获得了8.71亿元的分红。即华夏基金给股东的分红总额为14亿元，分红率为64.87%。\n\n　　依此类推，近十年（从2015到2024），华夏基金累计营收563.12亿元，累计净利润168.24亿元，累计给股东分红70.99亿元。近十年中信证券累计从华夏基金获得分红44.11亿元。\n　　值得注意的是，2024年华夏基金对股东的分红率64.87%，达到近十年最高点。从2020至2024年分红率连续4年上升，从30%提升至到64.87%。\n　　业绩方面，Wind数据显示，从2022至2024完整三年来看，华夏基金旗下288只基金产品中（只含主代码），182只产品亏损，占比63%；125只产品跑输基准，占比43%；跑输基准10%以上的产品77只，占比26%。\n　　从2022年12月1日至2025年11月30日，华夏基金旗下336只产品中，61只基金亏损，占比18%；跑输业绩基准的产品112只，占比33%； 跑输基准超过10%的产品53只，占比15%。\n\n　　对于基金公司给股东的分红，市场人士指出，首先，过高的分红率，不利于基金公司的资本积累和风险防范，会削弱其创新、扩张、应对风险等能力；其次，基金公司股东没有做到长期资本、耐心资本应尽的责任；最后，在市场低迷期、广大基民投资者收益不理想时期，给股东高比例分红，对基金投资者的体验欠佳。\n\n\n海量资讯、精准解读，尽在新浪财经APP\n\n责任编辑：公司观察","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2594264686","isCrawlerRequest":true}